In a significant move, BUA Group, under the leadership of Chairman Abdul Samad Rabiu, has announced a substantial 50% raise in salaries for all its staff members. This decision, as relayed in an internal memo signed by Mohammed Wali, BUA’s head of Human Resources, is aimed at alleviating the financial challenges prevalent in the country.
The salary increment, set to take effect from February 1, 2024, encompasses both permanent/regular and non-permanent staff. The company’s Human Resources and Finance departments are actively working to ensure the incorporation of this raise in the February 2024 payroll.
Chairman Rabiu expressed his optimism that this gesture will enhance the commitment and dedication of the staff, urging them to continue delivering exceptional performance in line with the trust placed in them.
Amid the prevailing economic conditions, discussions persist between organized labor and the government concerning a potential new minimum wage, reflecting the wider impact of BUA’s decision.
